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Hub You - Ten Things You Should Focus on to Transform Your Finance Function
1: Know who you are Understand who you are and what you enjoy. Look at your skills, interest, abilities, values and preferences. Look at where you have achieved success both at work and in your non-work life.2: Be prepared and orga
8. Managing working capital Monitoring and managing working capital, especially payables, receivables and cash. Ensuring appropriate strategies are in place to minimize working capital with process, technology and controls. Leave the Herd
On the flight home last night from Boston, I sat beside a very nice IT salesman. He was charming, engaging, and quite polished. Though he was an Executive Platinum member with American, he willingly gave up his aisle seat for a young grad student that needed to wal
2. Control environment A key finance function objective is protecting assets. Ensuring critical controls, policies and procedures are in place is crucial, while at the same time not creating bottlenecks in the organization.
3. Optimizing available technology Ensuring processes are appropriately enabled by technology and new functionality is constantly incorporated into existing processes in a controlled manner. Staff must be knowledgeable on the technology.
4. Performance management Another key objective of the finance function is creating value. This is possible through appropriate reporting, information visibility and performance measurement systems for the organization.
5. Compliance Robust compliance as efficiently and cost effectively as possible. Identify all compliance and timing, assign responsibilities and providers and monitor.
6. Retaining staff Recruiting and training staff is expensive. Retaining staff is not as expensive. Identify your performers and make plans around each one.
7. Planning for the future Considering appropriate strategies such as outsourcing or shared services to support process and technology requirements, as well as more effectively serve the organization.
8. Managing working capital Monitoring and managing working capital, especially payables, receivables and cash. Ensuring appropriate strategies are in place to minimize working capital with process, technology and controls.
Merger &Acquisition OverviewMergers and acquisitions (M&As) are a significant activity for many organizations. Yet most mergers are not successful, primarily because the “merger of two organizations is actually a merger of individuals and groups.” Buo
3. Optimizing available technology Ensuring processes are appropriately enabled by technology and new functionality is constantly incorporated into existing processes in a controlled manner. Staff must be knowledgeable on the technology.
4. Performance management Another key objective of the finance function is creating value. This is possible through appropriate reporting, information visibility and performance measurement systems for the organization.
5. Compliance Robust compliance as efficiently and cost effectively as possible. Identify all compliance and timing, assign responsibilities and providers and monitor.
6. Retaining staff Recruiting and training staff is expensive. Retaining staff is not as expensive. Identify your performers and make plans around each one.
7. Planning for the future Considering appropriate strategies such as outsourcing or shared services to support process and technology requirements, as well as more effectively serve the organization.
8. Managing working capital Monitoring and managing working capital, especially payables, receivables and cash. Ensuring appropriate strategies are in place to minimize working capital with process, technology and controls. Test You Residential Construction Estimating Know How
Estimating a residential construction job is very different from a commercial job. Often the contractor is frustrated with collecting data to create an estimate that is low enough for them to win the bid and high enough for them to make a profit.before a conrformance management Another key objective of the finance function is creating value. This is possible through appropriate reporting, information visibility and performance measurement systems for the organization.
5. Compliance Robust compliance as efficiently and cost effectively as possible. Identify all compliance and timing, assign responsibilities and providers and monitor.
6. Retaining staff Recruiting and training staff is expensive. Retaining staff is not as expensive. Identify your performers and make plans around each one.
7. Planning for the future Considering appropriate strategies such as outsourcing or shared services to support process and technology requirements, as well as more effectively serve the organization.
8. Managing working capital Monitoring and managing working capital, especially payables, receivables and cash. Ensuring appropriate strategies are in place to minimize working capital with process, technology and controls. Forgot The Ad Budget? Don't Panic!
Bob is excited about his new business. He secured funding. He leased the building. He stocked it full of new gadgets. He hung the sign. He posted a banner on his window that reads,“Grand Opening!”. And now he stands behind the counter, waiting for customers to cometiming, assign responsibilities and providers and monitor.
6. Retaining staff Recruiting and training staff is expensive. Retaining staff is not as expensive. Identify your performers and make plans around each one.
7. Planning for the future Considering appropriate strategies such as outsourcing or shared services to support process and technology requirements, as well as more effectively serve the organization.
8. Managing working capital Monitoring and managing working capital, especially payables, receivables and cash. Ensuring appropriate strategies are in place to minimize working capital with process, technology and controls. Is The Box Getting Too Small?
What do I mean by that question? Well you have heard the expression to think outside the BOX, well some individuals just are not there yet. They are comfortable inside the BOX. There is nothing wrong with that idea if that is where you want to starvices to support process and technology requirements, as well as more effectively serve the organization.
8. Managing working capital Monitoring and managing working capital, especially payables, receivables and cash. Ensuring appropriate strategies are in place to minimize working capital with process, technology and controls.
9. Tax management Monitoring all aspects of tax compliance and planning, using external providers efficiently and effectively.
10. Reporting standards Following statutory reporting standards and ensuring the organizations reputation is at all times protected with respect to reporting requirements.
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